Bitcoin faced turbulence on Dec. 20 as a major leverage shakeout hit late bulls, pushing BTC/USD below $96,000 on Bitstamp. Despite a modest recovery, Bitcoin remains down 1.5% for the day, revisiting earlier lows of $92,000. Analyst Rekt Capital noted this pullback mirrors a similar 2021 event, suggesting a potential re-accumulation opportunity. Meanwhile, $1.4 billion in crypto liquidations occurred, with sell pressure evident on Coinbase. In macro news, US PCE inflation data came in slightly below expectations, offering some market relief but signaling inflation's persistence.